Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Bitget−0.063%53s7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.063%, 7d avg −0.082%
=The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSFTUSDT | 504.27 | 0 | get 0.0000% / 8h | 2h 16m | $3.8M | $3.0M | 100x |
| Short | ApeX Omni MSFTUSDT | 503.95 | 0.0100 | get 0.0013% / 1h | 16m 44s | $160K | $7K | 50x |
Bitget MSFTUSDT
ApeX Omni MSFTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.063% → −0.082%
- $1.81
- Slippage, 4 orders
- −$17.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$16.29
- Costs to cover
- 0.391%
- Break-even
- 12.4 days
Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 29 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 1 min ago | 0.89 bp | 10.4 bp −$10 | 14.2 bp −$142 | 33.9 bp −$3,389 | doesn't fit |
| Sell ApeX Omni live order book, 29 min ago | 5.08 bp | 10.1 bp −$10 | 58.6 bp −$586 | doesn't fit | doesn't fit |
MSFT on 34 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | −0.0386% | 4h | 504.31 | +0.007% | $103K | $243K | 10x | as long as short |
| Hotstuff MSFT-PERP | −0.0072% | 1h | 503.91 | −0.071% | $33K | $8K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0064% | 1h | 503.83 | −0.087% | $686K | $491K | 10x | as long as short |
| Nado MSFT-PERP | −0.0032% | 1h | 503.93 | −0.067% | $415K | $68K | 20x | as long as short |
| BloFin MSFT-USDT | −0.0018% | 8h | 504.39 | +0.024% | $190K | $206K | 20x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 504.05 | −0.044% | $162K | $114K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 504.18 | −0.017% | $338K | $1.2M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 504.34 | +0.014% | $15.8M | $19.5M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 504.08 | −0.038% | $7.2M | $2.2M | 100x | as long as short |
| OKX MSFT-USDT-SWAP | 0.0000% | 8h | 504.40 | +0.026% | $3.0M | $2.4M | 20x | as long as short |
edgeX MSFTUSDC
Hotstuff MSFT-PERP
Coinbase International MSFT-PERP-INTX
Nado MSFT-PERP
BloFin MSFT-USDT
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
OKX MSFT-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MSFT_USDT | 0.0000% | 8h | 504.17 | −0.020% | $3.1M | $1.8M | 100x | as long as short |
| Bitget MSFTUSDTlong | 0.0000% | 8h | 504.27 | long leg | $3.8M | $3.0M | 100x | |
| Variational Omni MSFT | 0.0000% | 8h | 504.32 | +0.009% | $1.3M | $477K | — | as long as short |
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 504.23 | −0.007% | $18K | $323K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 505.05 | +0.155% | $6K | $4.0M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 504.20 | −0.014% | $59K | $226K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 504.69 | +0.083% | $2.2M | $809K | 10x | as long as short |
| Phoenix MSFT | +0.0016% | 1h | 503.99 | −0.056% | $11K | $15K | 20x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0028% | 1h | 503.99 | −0.056% | $27K | $43K | 10x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 504.00 | −0.054% | $685K | $2.0M | 20x | as long as short |
| QFEX MSFT-USD | +0.0036% | 1h | 504.26 | −0.002% | $1.1M | $4.8M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.02 | −0.050% | $97K | $110K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 504.31 | +0.008% | — | $1K | 25x | as long as short |
| tradeXYZ xyz:MSFT | +0.0050% | 1h | 503.90 | −0.073% | $22.4M | $9.0M | 20x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 503.94 | −0.065% | $303K | $720K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 504.15 | −0.024% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 503.98 | −0.058% | $518K | $472K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0053% | 8h | 504.20 | −0.015% | $222 | — | 5x | as long as short |
| Lighter MSFT | +0.0088% | 1h | 504.23 | −0.008% | $1.2M | $516K | 20x | as long as short |
| KuCoin MSFTUSDTM | +0.0100% | 8h | 503.57 | −0.139% | $1.6M | $57K | 20x | as long as short |
| ApeX Omni MSFTUSDTshort | +0.0100% | 1h | 503.95 | −0.063% | $160K | $7K | 50x | |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 504.16 | −0.022% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 504.23 | −0.009% | $55 | — | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 504.42 | +0.030% | $115K | $45K | 30x | as long as short |
Gate MSFT_USDT
Variational Omni MSFT
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Phoenix MSFT
Deribit MSFT_USDC-PERPETUAL
Lighter RH MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
tradeXYZ xyz:MSFT
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
Lighter MSFT
KuCoin MSFTUSDTM
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Injective MSFT/USDC PERP